Category: Technology News

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Technology News

Nvidia Q3 Revenue Beats Expectation; Growth Remains Strong

Nvidia Corp beat analysts’ expectations in its third-quarter report on Wednesday, reporting Q3 revenue of $5.93 billion compared to the $5.77 expectation. Although the chip maker’s gaming revenue was down 51% from a year prior,

Technology News

Intel Hit by a $949 Million US Verdict

A federal jury in Texas handed out a decree for Intel Corp on Tuesday. The verdict required the semiconductor company Intel to pay $948.8 million to VLSI Technology as compensation for the infringed VLSI’s patented

Technology News

Amazon to Begin Mass Layoff this Week

Amazon.com Inc reportedly plans to cut 10,000 employees this week as the company prepares for a possible recession and slower growth. The potential layoff would be the e-commerce giant’s biggest staff reduction to date, representing

Technology News

Musk Warns Possible Twitter Bankruptcy

In his first address to Twitter staff on Thursday, the new owner of Twitter, Elon Musk, warned about the possibility of Twitter’s Bankruptcy if the social media platform failed to generate more cash. Before the

Technology News

Unity Software Fell After Reporting Higher Q3 Loss

Unity Software Inc fell 14% in after-hours trading on Wednesday after reporting a $253.7 million Q3 loss, compared to only $155.1 million the prior year. Although the software company posted higher revenue for Q3 at

Technology News

Nintendo Shares Drop After Switch Sales Projection Cut

Shares for the Kyoto-based company Nintendo Co experienced their biggest one-day drop in a year, recording an almost 7% decline on Tuesday following the company’s Switch sales projection cut. The Japanese videogame company said that

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Technology News

Nvidia’s New A800 for China Meets US Export Standards

The US-based chipmaker Nvidia Corp confirmed on Monday a new advanced chip for China that supposedly meets the recent US export regulations. In Nvidia’s report, the chipmaker company noted that Chinese computer sellers are using